The SALT platform is meant to facilitate getting a loan, where the company holds your cryptocoins as collateral while you don't pay back the loan.

Hard Cap: The proceeds from SALT’s Discounted Membership Sale (presale + public) will be soft capped at $35m and hard capped at $48.5m.

The plaform uses the SALT token as payment for membership, currently the token has not been yet release.

Pricing Structure: After the current tier of $1.50 (85% discount) - SOLD OUT - SALT Membership presale is now closed.

SALT will move to the following price discounts:

2m units sold at $3.00 (70% discount)

1.5m units sold at $5.00 (50% discount)

1m units sold at $7.50 (25% discount)

After which the discount will end and SALT will begin selling Memberships for no less than $10. Approximately 38% of the Memberships have been set aside for later sale.

Supply: A total fixed supply of 120m SALT will exist, with a fractional supply in circulation representing only those SALT which are not actively held as loan collateral or redeemed and now held for sale on the platform.

We will be approving new participants to purchase memberships in the order they signed up and at a pace that can be handled by our system, as well as the Bitcoin and Ethereum blockchains.

SALT Membership may be purchased with Bitcoin, Ethereum, or any cryptocurrency supported by ShapeShift.

The Membership discount will run until 10:00 AM MST Tuesday, August 22nd or until the following are sold out:

2.0 million SALT @ $3

1.5 million SALT @ $5

1.0 million SALT @ $7.50

In the event that purchases exceed the available inventory of discounted Membership, an additional 25,000 SALT Memberships will be available at the full retail price of $10.

Holding a place in line does not guarantee that a discount will be available when you are approved. Unfortunately, if the Memberships are sold out before you are approved you will have to wait until we start selling at the full retail price. Retail sales will begin after the audit and distribution of the discounted Memberships.

update 08/17/2017

Last tier which began on Tuesday, August 15th at 8:00 AM MDT (2:00 PM GMT) and will run until the following tiers are sold out:

Previously in the pre-sale approximately 10 million SALT were sold at $1:50. Early adopters who assisted with the build out of the concept were also able to purchase earlier in the year approximately 35 million SALT at $0.25 and 5 million SALT at $0.75.

SALT Membership may be purchased with Bitcoin, Ethereum, or any cryptocurrency supported by ShapeShift. There is a Referral program - For each friend you refer that buys thirty (30) SALT Memberships or more, you will receive one (1) bonus SALT Membership. More details are on the Dashboard.

update 09/29/2017

1) Membership Open

With the completion of the Discounted Sale's review, we're happy to announce that full-priced SALT Memberships are officially available for purchase through your dashboard (25,000 available at $25 each). If you are one of the people in the waiting line to purchase we’ll be approving new Members in order, so keep an eye out for an email notification that your profile has been approved to purchase.

2) Membership Upgrades

You can now login to the dashboard and upgrade your base Membership to the Premier with a $100k borrowing limit or Enterprise with a $1m+ borrowing limit. For a limited time, when you upgrade to an Enterprise Membership you’ll also get a SALT branded Ledger Nano S!

Your Membership will be valid for one year from the date of our platform’s launch. Please note: this step must be completed before you can withdraw your SALT.

3) Withdrawal Live

Memberships are now available for withdrawal through your dashboard. Some important notes:

You must redeem one SALT Membership to be able to withdrawWithdrawals will be processed on a first come, first serve basis depending on when each Member selects the withdrawal option.To ensure a smooth and equitable process, please allow up to 48 hours for your withdrawal to be processed.If you purchased over $2,000 your Identity Verification must be completed before withdrawal. ID Verification status is displayed above your SALT Balance in the dashboard.You will have the option to change your ETH address during the withdrawal process, or you can choose to use the address you provided during your Member registration.Any further questions can be directed to Support@SaltLending.com

4) Wallets

You will be able to receive your SALT Memberships in the following recommended wallets: Exodus (update to the latest version) and soon Jaxx.SALT can also be sent to MyEtherWallet, but in in order to view your SALT Memberships you will need to complete the following steps.Visit MEW (www.myetherwallet.com) and go to the “View Wallet Info” pageClick “Add Custom Token”Enter the contract address: 0x4156D3342D5c385a87D264F90653733592000581Enter the decimal value "8"Add the token symbol "SALT"Click “Save”

Please be aware that SALT is not doing an AirDrop. Any site or account claiming this should be considered a scam and avoided. If you find any account claiming this, or other fraudulent claims, please report to: security@saltlending.com. Salt is NOT doing an AirDrop, all claims of this a false. Please NEVER share your private keys

Deposit SALT We have launched the SALT Deposit function in your account dashboard. This allows you to send SALT from outside sources (e.g. secondary markets) into your account on the SALT Platform. The Deposit button is found on your dashboard home screen.

*Dashboard UpdateIn addition to the Deposit function, we have updated your dashboard home. The Membership redemption process has been simplified and now initiates from the home screen. If you haven't already, now is a good time to select and redeem your Membership tier. Enterprise Members receive a SALT branded Ledger Nano S.

*Ledger Nano ShipmentEnterprise Members will receive their SALT branded Ledger Nano S shortly. The first shipment will be sent the first week of November. Current Base and Premier Members, if you upgrade to Enterprise, you will be eligible to receive the SALT Ledger wallet.

* Withdrawal LiveWe are happy to announce that Memberships are now available for withdrawal through your dashboard. Some important notes:As of October 4th we are adding a new security feature that requires email confirmation for every withdrawal. Implementing this feature has taken some time, but withdrawals will be enabled sometime today.You must redeem one SALT Membership to be able to withdraw. Withdrawals will be processed on a first come, first serve basis depending on when each Member selects the withdrawal option.To ensure a smooth and equitable process, please allow up to 48 hours for your withdrawal to be processed. If you purchased over $2,000 your Identity Verification must be completed before withdrawal. ID Verification status is displayed above your SALT Balance in the dashboard. You can Verify here: https://membership.saltlending.com/upload You will have the option to change your ETH address during the withdrawal process, or you can choose to use the address you provided during your Member registration. Any further questions can be directed to Support@SaltLending.com

* WalletsYou will be able to receive your SALT Memberships in the following recommended wallets: Exodus (update to the latest version) and soon Jaxx.SALT can also be sent to MyEtherWallet, but in in order to view your SALT Memberships you will need to complete the following steps.Visit MEW (www.myetherwallet.com) and go to the “View Wallet Info” pageClick “Add Custom Token”Enter the contract address: 0x4156D3342D5c385a87D264F90653733592000581Enter the decimal value "8"Add the token symbol "SALT"Click “Save”

update 12/28/2017

SALT loans are live!

We have issued initial loans to a small group of members and we expect to have originated over $10m in loans by the end of this year. Our platform will continue to be rolled out in stages to ensure quality and security as we scale to meet the extraordinary demand for loans. We are excited to extend the application process to all of our community and expect to have between $50m and $75m in active loans by the end of January 2018. We are working as quickly as possible to safely and responsibly expand the rollout to serve the needs of each and every member.

While we will be continually adding new features and issuing more loans over the coming months, we are committed to a prudent and careful growth strategy. Our first priority is, and always will be, maintaining a secure and trustworthy product through every stage of deployment.

Some important things to note:

We will be initially providing loans (US dollar denominated and backed by Bitcoin or Ethereum) first to Enterprise members, followed by Premier members, and then to Base members.

As we continue the rollout this week, you will see a loan application form in your membership dashboard. If you have not already done so, you will be required to verify your identity before you can apply for a loan.

Each member’s access to loans and the order in which members are served will be determined case-by-case based on membership tier, local jurisdiction laws, and the order in which they applied for a loan.

As a thank you to our community, we will be allowing members to repay both their principal and interest with SALT (valued at retail price) instead of US dollars. Terms and conditions are subject to change and limitations. Final terms determined at the origination of each loan.

All information will be disclosed in some days as soon as Salt releases the whitepaper.

"...Loans are not made by SALT Lending. SALT Lending is a Platform. All loans are subject to review and approval. For example, a one year $10,000 loan with a rate of 10.00% APR would have 12 scheduled monthly payments of $880. Annual percentage rates (APRs) through SALT vary. Eligibility is not guaranteed, and requires that a sufficient pool of liquidity is available to fulfill your request and that you meet other conditions. Individual US citizen borrowers must be a permanent resident and at least 18 years old. Valid bank account and social security number/FEIN are required. Refer to The Membership Agreement and The Subscriber Agreement for details and all terms and conditions. Borrowing against collateral entails risk and may not be appropriate for your needs. Salt Lending does not provide legal or tax advice. Please consult your advisor.

SALT Lending’s notes are issued pursuant to a Prospectus. You should review the risks and uncertainties described in the Prospectus related to your possible investment in the notes. Not FDIC-insured; investments may lose value; no SALT or bank guarantee."

Token price starts at 3$! If the platform is going be work, is anyone allowed to loan to it?The project seem to be fair, if i have at least a ton of token and want to hold, I would rather be taking a loan than selling it.

This token and project fulfills a much needed space in the crypto market. As crypto grows, folks will need the ability to use that crypto as collateral. Being first to the plate with the connections to borrowers to make this project work is huge. SALT is a straight-up bargain at ICO price.

The SALT platform is meant to facilitate getting a loan, where the company holds your cryptocoins as collateral while you don't pay back the loan.

Hard Cap: The proceeds from SALT’s Discounted Membership Sale (presale + public) will be soft capped at $35m and hard capped at $48.5m.

The plaform uses the SALT token as payment for membership, currently the token has not been yet release.

Pricing Structure: After the current tier of $1.50 (85% discount) - SOLD OUT - SALT Membership presale is now closed.

SALT will move to the following price discounts:

2m units sold at $3.00 (70% discount)

1.5m units sold at $5.00 (50% discount)

1m units sold at $7.50 (25% discount)

After which the discount will end and SALT will begin selling Memberships for no less than $10. Approximately 38% of the Memberships have been set aside for later sale.

Supply: A total fixed supply of 120m SALT will exist, with a fractional supply in circulation representing only those SALT which are not actively held as loan collateral or redeemed and now held for sale on the platform.

I recommend you check out the terms.

PS: Let's wait for the white paper in order to understand how SALT really will work.

The SALT platform is meant to facilitate getting a loan, where the company holds your cryptocoins as collateral while you don't pay back the loan.

Hard Cap: The proceeds from SALT’s Discounted Membership Sale (presale + public) will be soft capped at $35m and hard capped at $48.5m.

The plaform uses the SALT token as payment for membership, currently the token has not been yet release.

Pricing Structure: After the current tier of $1.50 (85% discount) - SOLD OUT - SALT Membership presale is now closed.

SALT will move to the following price discounts:

2m units sold at $3.00 (70% discount)

1.5m units sold at $5.00 (50% discount)

1m units sold at $7.50 (25% discount)

After which the discount will end and SALT will begin selling Memberships for no less than $10. Approximately 38% of the Memberships have been set aside for later sale.

Supply: A total fixed supply of 120m SALT will exist, with a fractional supply in circulation representing only those SALT which are not actively held as loan collateral or redeemed and now held for sale on the platform.

I recommend you check out the terms.

PS: Let's wait for the white paper in order to understand how SALT really will work.

More details soon, so stay tuned for updates!

You have bounty program (twitter and fb)?

why is it all icos lanch without a platform so you have an idea and nothing else

It doesn't look like Salt is bothering to campaign on bitcointalk (although I seen an account being set up by them some time ago), but their Slack and Telegram channels are active, and they already did several AMAs, more info should come out any day now, along with the reopening of sales.

Community Membership SaleOn Wednesday, August 9th we will be announcing the date, time, and details of SALT’s Community Membership Sale, which will include the following allocations of discounted memberships:

2 million Memberships at $3.00 each (70% discount)

1.5 million Memberships at $5.00 each (50% discount)

1 million Memberships at $7.50 each (25% discount)

Please note that Memberships will be sold on a first come, first served basis. The order will be determined by when each purchase has the requisite number of confirmations on the corresponding blockchain (2 confirmations for BTC, 12 confirmations for ETH). For example, if you purchase $1,000 worth of memberships when there are 50 left in the $3.00 allocation, you will receive 50 memberships at $3.00 ($150.00 total) and 170 memberships at $5.00 ($850.00 total).